Occidental's global upstream strategy, led by Middle East assets and low-carbon tech, cushions U.S. market risks and boosts stability.
Recently, Zacks.com users have been paying close attention to Occidental (OXY). This makes it worthwhile to examine what the stock has in store.
In the most recent trading session, Occidental Petroleum (OXY) closed at $42.48, indicating a -3.34% shift from the previous trading day.
Occidental Petroleum stands to benefit from rising petroleum prices amid the escalating U.S.-Iran conflict, boosting its earnings and free cash flow potential. The company's aggressive debt repayment strategy is freeing up cash and improving its long term financial flexibility. OXY's U.S.-based energy supplies mitigate geopolitical risk, making it an attractive play as Middle East tensions threaten global oil markets.
Occidental Petroleum (OXY) concluded the recent trading session at $43.95, signifying a -3.68% move from its prior day's close.
OXY leverages disciplined capital allocation and lower interest rates to boost margins, cash flow and low-carbon growth.
The latest trading day saw Occidental Petroleum (OXY) settling at $45.33, representing a -2.41% change from its previous close.
Zacks.com users have recently been watching Occidental (OXY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Occidental Petroleum has been paying down its debt and is poised to benefit from higher oil prices.
OXY stock gains 18.8% in two months, outpacing peers as Permian growth, acquisitions and debt cuts drive momentum.
OXY trims Permian spending by $100 million. Drilling efficiency and usage of new technology will reduce operating expenses, without sacrificing the volumes.
Occidental (OXY) reported earnings 30 days ago. What's next for the stock?